EQT Partners

A fund operated by the private equity firm EQT Partners has made a strategic investment in talent agency UTA, in a deal the agency says “will help fuel the next phase of investments in talent, innovation and international expansion.” EQT will become the largest outside shareholder in UTA in the acquisition, which will also see the firm acquiring stakes from some of UTA’s existing investors, including Investcorp and PSP Investments. UTA partnership and leadership will remain the controlling shareholders of the agency. Specific terms of the deal, including valuation, were not disclosed. However, everyone at UTA is expected to benefit financially from the investment. UTA has been on something of an acquisition spree in recent months, acquiring the strategic advisory firm MediaLink, the U.K. l...